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Oil and Natural Gas Corporation Limited (ONGC)
ONGC has produced more than 600 million metric tonnes of crude oil and supplied more than 200 billion cubic metres of gas since its inception, thus fuelling the increasing energy requirements of the Indian economy. Today, ONGC is the most valuable company in India, contributing 77 percent of India's crude oil production and 81 per cent of India's natural gas production
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Head Office:
Tel Bhavan
Dehradun, UT, 248008
Phone : +91-0135-2759561-67
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Oilco Services (India) Limited was incorporated in 1999 and commenced its operational activities in the year 2000.Our organisational objective is to supply, install, commission and maintain all equipment that is used in a petroleum retailing station environment. In that, Oilco Services aims at becoming the largest service provider to the petroleum retailing companies in India.
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/images/logos/local/th_pcdpharmaindia.jpgPCD Pharma Companies India
We are the top PCD Pharma Companies in India, offering pharma franchise to companies and helping them on the way to success. We offer optimized solutions as a PCD Pharma Company India with a long-standing proven track record. At PCD Pharma Company India, we have always maintained an independent identity while developing progressive partnerships across India. We encourage more and more businesses to become a part of the PCD Pharma India family.
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PETROWATCH is a fortnightly intelligence bulletin on the oil, gas and power sector in India.
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India's largest business house with total revenues of Rs 80,000 crore (US$ 16.8 billion), cash profit of over Rs 9,800 crore (US$ 2.1 billion), net profit of over Rs 4,700 crore (US$ 990 million) and exports of Rs 11,900 crore (US$ 2.5 billion).
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/images/logos/local/th_ricehuskash.jpgRice Husk Ash
They manufacture organic amorphous silica (made of rice husk ash), for sale, with silica content of above 85%, in very small particle size of 25 microns, used for making better green concrete, high performance concrete, refractory, insulators, waterproofing chemicals, roofing shingles, specialty paints, flame retardants , carrier for pesticides, insecticides and bio fertilizers etc.
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ONGC not yet ready for stake-sale: Disinvestment Secy
Posted on 3rd March 2015
State-owned oil explorer ONGC is not yet ready for stake sale and the government will consider divesting it only after the subsidy sharing mechanism between upstream companies and centre is finalized and oil prices rebound, Disinvestment Secretary Aradhana Johri said on Tuesday.

"All I can say is that ONGC is not ready for sale as of now," Johri told Business Standard in her first post-budget interview. Read More

ONGC most profitable CPSE, BSNL biggest loss-making
Posted on 27th February 2015
The number of people working in central public sector enterprises declined further in 2013-14, while state-run oil explorer ONGC was the most profitable PSU in the fiscal, a government survey said.

As on March 31, 2014, 290 CPSEs employed over 13.51 lakh people (excluding contract workers), compared to 14.02 lakh in 2012-13. Read More

Govt to divest ONGC after crude settles around $70
Posted on 26th February 2015
NEW DELHI: The government would wait till crude prices stabilize at around $70 a barrel before selling 5% in ONGC, moving disinvestment in the country's most profitable company to the 2015-16 fiscal starting April 1. Government sources on Wednesday said the "time was not ripe" for offloading stake in refiner-marketer IndianOil, though the matter was "in discussion" within the government.

The ONGC selloff was initially supposed to have happened in November 2014 and was estimated to fetch some Rs 14,000 crore. But falling crude prices changed the valuation template and took a toll on the company's financial health. Read More

ONGC director suspended for Rs 23cr unawarded tender
Posted on 25th February 2015
NEW DELHI: The government on Tuesday suspended ONGC board member Shashi Shankar on charges of alleged irregularities in processing a yet-to-be-awarded tender of 2011 for procuring equipment worth about $4 million, or roughly Rs 23 crore at current exchange rate.

This is the first instance of a member of the board being suspended since ONGC became a corporation in 1994. In 1992, when it was a government commission, M C Nawlakha, who was then the member (finance), was suspended. He retired in 1993. Read More

Sensex trades 230 points higher; HDFC, ONGC gain
Posted on 25th February 2015
Mumbai: India’s benchmark Sensex was trading over 230 points higher, led by shares of energy, banking and information technology companies.

The government will announce the railway budget on 26 February and the national budget on 28 February. Investors will look for the direction of government policy through these two announcements and will keep an eye on annual economic outlook survey on 27 February. Investors are also cautious ahead of future and option expiry on 26 February. Read More

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